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Sectoral / ThematicVery High RiskSBI Mutual Fund

SBI Banking And Financial Services Fund

Portfolio as on Sep 2026 · 38 equity positions

Equity positions
38
Equity value
₹9,655 Cr
Top holding
13.04%
HDFC Bank Ltd
NAV per unit
₹47.48
Sep 2026
Avg AUM
₹10,818 Cr
Expense ratio
1.20% p.a.
Fund manager
Milind Agrawal
Own another fund too? See how much they overlap →

The portfolio at a glance

SBI Banking And Financial Services Fund is a Sectoral / Thematic scheme from SBI MF. Its Sep 2026 portfolio holds 38 stocks, and its average assets under management are ₹10,818 Cr.

Its largest position is HDFC Bank at 13.04% of the portfolio, and the ten largest together make up 62.10%.

By sector, Banks is the largest at 53.17% of the equity portfolio, followed by Finance (26.99%) and Insurance (10.81%).

Hold other funds too? The fund overlap tool shows how many of these stocks they share. A scheme's official riskometer is in its factsheet on the fund house's website.

NAV history

₹47.64 per unit -4.8% vs Oct '25

Last 365 days · daily NAV from AMFI · SBI Banking And Financial Services Fund

₹45.24₹49.01₹52.78Oct '25Dec '25Mar '26Jun '26Sep '26

Performance & risk

Annualized return
-5.3%
Volatility
15.5%
Sharpe ratio
-0.76
Beta
1.08
explains 82% of moves
Alpha
+8.8%
vs. benchmark, annualized

Based on ~11 months of weekly NAV history from AMFI. Volatility is the annualized standard deviation of NAV returns. Sharpe ratio and alpha assume a 6.5% risk-free rate. Beta measures how much the fund moves with its benchmark (1.0 = in step); alpha is the return above what that beta would predict. Measured against the NAV of Kotak Nifty 50 Index Fund, standing in for the NIFTY 50 itself. A tracker's NAV is the index minus its running costs, so this compares funds against an investable benchmark rather than a costless one. Past performance does not guarantee future returns — not investment advice.

Sector allocation

Banks: 53% · ₹5,133 Cr · 11 fundsFinance: 27% · ₹2,606 Cr · 15 fundsInsurance: 11% · ₹1,043 Cr · 5 fundsCapital Markets: 5% · ₹511 Cr · 6 fundsFinancial Technology (Fintech): 4% · ₹361 Cr · 1 funds
38stocks
  • Banks53%
  • Finance27%
  • Insurance11%
  • Capital Markets5%
  • Financial Technology (Fintech)4%

Top holdings

Top 10 holdings make up 62.1% of the portfolio · top 5 = 47.5%.

38 stocks
#
1HDFC BankBanks₹1,358 Cr
13.04%
2ICICI BankBanks₹1,331 Cr
12.77%
3Kotak Mahindra BankBanks₹1,062 Cr
10.19%
4Bajaj FinanceFinance₹713.29 Cr
6.85%
5HDFC Life Insurance CompanyInsurance₹485.82 Cr
4.66%
6One 97 CommunicationsFinancial Technology (Fintech)₹360.77 Cr
3.46%
7Bank of BarodaBanks₹308.45 Cr
2.96%
8Muthoot FinanceFinance₹298.97 Cr
2.87%
9Axis BankBanks₹294.24 Cr
2.82%
10Manappuram FinanceFinance₹258.65 Cr
2.48%
11The South Indian BankBanks₹231.55 Cr
2.22%
12Cholamandalam Investment & Finance Co.Finance₹226.80 Cr
2.18%
13Cholamandalam Financial HoldingsFinance₹205.66 Cr
1.97%
14ICICI Prudential Life Insurance CompanyInsurance₹201.34 Cr
1.93%
15Aditya Birla CapitalFinance₹179.15 Cr
1.72%
16Star Health and Allied Insurance CompanyInsurance₹177.75 Cr
1.71%
17Aptus Value Housing Finance IndiaFinance₹172.91 Cr
1.66%
18Bandhan BankBanks₹160.41 Cr
1.54%
19360 One WamCapital Markets₹144.20 Cr
1.38%
20Bank of IndiaBanks₹144.11 Cr
1.38%
21Karur Vysya BankBanks₹117.13 Cr
1.12%
22PNB Housing FinanceFinance₹112.00 Cr
1.07%
23Life Insurance Corporation of IndiaInsurance₹110.45 Cr
1.06%
24Aavas FinanciersFinance₹104.93 Cr
1.01%
25HDB Financial ServicesFinance₹104.23 Cr
1.00%
26National Stock Exchange of IndiaCapital Markets₹98.77 Cr
0.95%
27Canara BankBanks₹95.55 Cr
0.92%
28CARE RatingsCapital Markets₹90.77 Cr
0.87%
29SBI Cards & Payment ServicesFinance₹90.08 Cr
0.86%
30Billionbrains Garage VenturesCapital Markets₹82.76 Cr
0.79%
31Niva Bupa Health Insurance CompanyInsurance₹68.08 Cr
0.65%
32BSECapital Markets₹61.84 Cr
0.59%
33Moneyview Ltd. AFinance₹50.73 Cr
0.49%
34Sundaram FinanceFinance₹48.82 Cr
0.47%
35CRISILFinance₹36.60 Cr
0.35%
36Multi Commodity Exchange of IndiaCapital Markets₹33.00 Cr
0.32%
37Indian BankBanks₹31.20 Cr
0.30%
38Tata CapitalFinance₹2.91 Cr
0.03%

SBI Banking And Financial Services Fund — FAQ

What are the top holdings of SBI Banking And Financial Services Fund?
SBI Banking And Financial Services Fund holds 38 equity positions; the largest is HDFC Bank Ltd at 13.04% of the portfolio, as on Sep 2026. Information only, not investment advice.
How concentrated is SBI Banking And Financial Services Fund?
Its single largest equity position is HDFC Bank Ltd, at 13.04% of the fund's disclosed portfolio.
As of when is this SBI Banking And Financial Services Fund portfolio?
Portfolio as on Sep 2026, taken from SBI Mutual Fund's public monthly portfolio disclosure.
What is the NAV of SBI Banking And Financial Services Fund?
The latest NAV (Net Asset Value) of SBI Banking And Financial Services Fund is ₹47.48 per unit, as on Sep 2026, sourced from AMFI's public scheme data. NAV changes daily with market movements. Information only, not investment advice.
What is the AUM of SBI Banking And Financial Services Fund?
SBI Banking And Financial Services Fund has a Monthly Average AUM (Assets Under Management) of ₹10,818 Cr, as per AMFI's latest published data. AUM reflects the total market value of all assets managed across all plans of this scheme. Information only, not investment advice.
Who manages SBI Banking And Financial Services Fund?
SBI Banking And Financial Services Fund is managed by Milind Agrawal, as per AMFI's public disclosure. Fund manager details sourced from Kuvera/AMFI data. Information only, not investment advice.
What is the expense ratio of SBI Banking And Financial Services Fund?
SBI Banking And Financial Services Fund has a Total Expense Ratio (TER) of 1.20% p.a., as disclosed to AMFI. The TER is the annual cost of running the fund, deducted daily from the NAV. A lower TER means more of the fund's return flows to investors. Information only, not investment advice.
What is the 1-year NAV return of SBI Banking And Financial Services Fund?
SBI Banking And Financial Services Fund's NAV moved from ₹50.01 (Oct 2025) to ₹47.64 (Sep 2026), a change of -4.8% over approximately one year. NAV data sourced from AMFI. Past performance is not indicative of future returns. Information only, not investment advice.
What is the Sharpe ratio of SBI Banking And Financial Services Fund?
Based on roughly 11 months of NAV history, SBI Banking And Financial Services Fund has an annualized return of about -5.3% with 15.5% annualized volatility, giving a Sharpe ratio of -0.76 (assuming a 6.5% risk-free rate). A higher Sharpe ratio means more return per unit of risk taken. Past performance is not indicative of future returns.
What are the beta and alpha of SBI Banking And Financial Services Fund?
SBI Banking And Financial Services Fund has a beta of 1.08 and an annualized alpha of +8.8%. Beta measures how much the fund moves with its benchmark — 1.0 means it moves in step, above 1.0 amplifies it. Alpha is the return above what that beta would predict. Measured against the NAV of Kotak Nifty 50 Index Fund, standing in for the NIFTY 50 itself. A tracker's NAV is the index minus its running costs, so this compares funds against an investable benchmark rather than a costless one. Alpha assumes a 6.5% risk-free rate. The benchmark explains 82% of this fund's movement. Past performance is not indicative of future returns. Information only, not investment advice.

Similar funds

How much does SBI Banking And Financial Services overlap with ICICI Technology? →

Equity holdings only, ISIN-verified, from SBI Mutual Fund's public monthly portfolio disclosure (Sep 2026). Not investment advice.
Weight = the position as a % of this fund's portfolio. Values in ₹: L = Lakh (1,00,000), Cr = Crore (1,00,00,000).